{"id":22864,"date":"2023-08-12T00:37:53","date_gmt":"2023-08-12T00:37:53","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/judge-denies-bail-to-bankman-fried-and-sends-him-to-jail\/"},"modified":"2023-08-12T00:37:53","modified_gmt":"2023-08-12T00:37:53","slug":"judge-denies-bail-to-bankman-fried-and-sends-him-to-jail","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/judge-denies-bail-to-bankman-fried-and-sends-him-to-jail\/","title":{"rendered":"Judge Denies Bail to Bankman-Fried and Sends Him to Jail"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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Sam Bankman-Fried, the founding figure of FTX, now finds himself behind bars as Judge Lewis Kaplan of the U.S. District Court for the Southern District of New York decided to rescind his bail. The decision was rooted in allegations that Bankman-Fried may have interfered with potential witnesses.<\/p>\n

The Department of Justice claimed that Bankman-Fried violated his bond\u2019s terms, notably attempting to contact former FTX.US legal head, Ryne Miller. He also used a virtual private network (VPN) which, according to his lawyers, was merely to stream the Super Bowl. These allegations made Judge Kaplan believe Bankman-Fried often pushes boundaries, mentioning, \u201cAll things considered I\u2019m going to revoke bail.\u201d Judge Kaplan elaborated further, \u201cMy conclusion is there is probable cause to believe the defendant has attempted to tamper with witnesses at least twice. \u2026 There is a rebuttable presumption that there is no set of conditions that will ensure Bankman-Fried will not be a danger.\u201d<\/p>\n

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Witnessing these developments, Bankman-Fried\u2019s parents, Barbara Fried and Joseph Bankman, were visibly shaken in court. Barbara was especially emotional after hearing the judge\u2019s final decision.<\/p>\n

During the court session, Judge Kaplan expressed concerns about Bankman-Fried\u2019s actions. Using a VPN, he noted, hinted at a certain intent, even if the act wasn\u2019t substantial by itself. Defending Bankman-Fried, his lawyers contested the allegation of witness tampering, and stated, \u201cHere we have a very thin record with a lot of spin.\u201d They also pointed out the challenges in preparing for the trial if their client remained detained. However, Judge Kaplan remained unswayed, believing the predicament wasn\u2019t \u201cquite the insurmountable problem.\u201d<\/p>\n

Assistant U.S. Attorney Danielle Sassoon emphasized the need to detain Bankman-Fried. His frequent New York visits raised concerns about a lack of oversight. Sassoon remarked, \u201cHe\u2019s effectively unsupervised while he\u2019s here.\u201d The DOJ also had fallback plans in case the judge declined the detention request, including house arrest with stringent access restrictions. This would have limited Bankman-Fried\u2019s internet access, even blocking platforms like Google Drive, where crucial files for the case resided.<\/p>\n

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(Originally posted on : Crypto News – iGaming.org ) Sam Bankman-Fried, the founding figure of FTX, now finds himself behind bars as Judge Lewis Kaplan of the U.S. District Court for the Southern District of New York decided to rescind his bail. The decision was rooted in allegations that Bankman-Fried may have interfered with potential […]<\/p>\n","protected":false},"author":35,"featured_media":22865,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22864"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=22864"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22864\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/22865"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=22864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=22864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=22864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}